Case Details
Case Name: State Bank of India vs Giga Pipe Systems India Pvt Ltd
Court/Authority: National Company Law Tribunal, New Delhi Court-IV
Case Numbers: IB/294/ND/2025 with New IA/2244/ND/2026 and IA/1255/ND/2026
Date of Order: May 20, 2026
Legal Basis: Section 7 of the Insolvency and Bankruptcy Code, 2016
Parties Involved
Petitioner: State Bank of India
Respondent: Giga Pipe Systems India Pvt Ltd
Bench: Shri Mahendra Khandelwal (Hon'ble Member - Judicial) and Shri Atul Chaturvedi (Hon'ble Member - Technical)
Representation: For Resolution Professional - Mr. S.K. Sharma, Ms. Jaspreet Kaur (Advocates), Mr. Manoj Kumar Anand (RP)
Hearing Mode: Hybrid Hearing (Physical & VC)
Issues / Allegations / Violations
The document does not specify the nature of the financial default or the amount involved in the insolvency petition filed by State Bank of India against Giga Pipe Systems India Pvt Ltd under Section 7 of the IBC, 2016.
Findings & Observations
No findings or observations were made in this order as the matter was adjourned due to paucity of time without proceeding to substantive hearing.
Penalties / Settlements / Directions
No penalties, settlements or substantive directions were issued in this order.
Corrective Actions & Future Obligations
No corrective actions or future obligations were specified in this procedural order.
Final Ruling & Enforcement
The Tribunal adjourned the case to June 29, 2026 for both case items (IB/294/ND/2025 with New IA/2244/ND/2026 and IA/1255/ND/2026) due to paucity of time. The order was signed by Shri Atul Chaturvedi, Member (Technical).